Decline in ECB Ethanol Prices, Lowest in Nearly Three Years

Decline in ECB Ethanol Prices, Lowest in Nearly Three Years

Sources reported two trades on wheat midds today, indicating an increase in the price range for Minneapolis and steady levels for Kansas City. Market participants observed a slight bounce as Thanksgiving week approaches with reduced run times.

CME grain pricing showed a negative trend today. December corn decreased by $0.075, falling to $4.70/bu. December wheat fell by $0.115, dropping to $5.60/bu. January soybeans shifted down, with a decrease of $0.0475 and settling at $13.85/bu. Additionally, December soymeal prices lowered by $4.40, reaching $469.20/st. The primary factor behind today’s market activity was the rainy forecast in Brazil, resulting in a decline in grain prices across the board. Despite positive projections for the USDA’s upcoming export data and a record-breaking U.S. crush last month, the soybean market still faced a slight setback.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

Latest Tweets